Zulu classic What Zulutrade ?Zulutrade
is a copy trading platform founded in 2006 , which offers the
possibility of converting the signal providers that you have chosen in
order executed automatically. The
site is compatible with fifty online brokers and adds each new month,
however it has its "official" broker AAAFX , which is the only one not
to take commissions on trades made . Commissions are on average 1 pip but can go up to 3 pips .
Who is Zulu trade ?
This site is intended for two types of traders : beginners in forex that will want to learn by following the signals providers and traders confirmed who will wish to build a customer themselves becoming providers.
Beginners choose to follow the signal providers while setting options for these ( stop loss , number of lots open simultaneously ... ) . Caution, however , the choice of providers can be tricky for novices perfect .
How Zulu trade ?
Zulu trade is not a broker, and you can not open a trading account on the site.
You must open an account (unless you do already own one) and make your Referring Broker Zulu trade .
Thereafter, up to you : you can trade manually or choose to copy the operations of signal providers .
The choice of these providers must be carefully considered and should be attention. In fact, since you are going to copy their orders, it is in your best interest to choose the best traders to maximize your earnings to your expectations !
The first parameter to consider when choosing a provider is the slippage that exists between you . We recommend that you do not choose a provider with a slippage of more than 1.5 or 2 pips with your broker (you can find this information simply by looking at the profile of the provider ) which often leads to favor providers with the same broker you .
Once done, you can choose between different investors : less risk averse will choose providers with an average number of pips / trade but high max draw down , which will , inevitably, also in the high average .
In contrast , people focusing on security watch the appearance of the graphs of gains to judge the consistency of performance of providers, who have mostly a number of pips / trade lower.
Moreover, it may be wise to remove providers having a percentage of winning trades below a certain threshold ( arbitrarily fix 90%). However , remember that this statistic is limited in the information it provides : a Signal Provider may have 99 % of winning trades but its loss on the remaining 1% can be substantial if it exceeds the accumulated earnings .
In the same vein , it will be wise to select providers already operating for some time so that history is not biased .
Finally , we can set a stop loss on each of the selected suppliers. This option minimizes the losses, but has the disadvantage of close positions that will be fruitful in the longer term .
Here are some general tips and recommendations on the configuration parameters .
We recommend that you have at least two different providers.
Select opposite profiles ( combines consistent performance and risk-taking ) can be a good strategy. Similarly, we advise you to place stop loss (do not let the default " no limit" of Zulutrade ) even if it carries the risk mentioned above. Finally, be sure to keep a margin of safety : do not exceed 90 % or 95% of margin call to secure a minimum your capital.
What are the advantages of Zulutrade ?
Zulutrade offers the possibility of a demo account to try it free for 30 days. In addition, the configuration of a real account is very easy and usually requires no more than a day time if you already have a broker.
Trader itself requires knowledge , skill and time that everyone did not. An automated trading platform as Zulutrade can then be a solution : you can simply choose from a large number of signal providers (their number is such that all the angels , or nearly all, are represented ) and , as all managed accounts , to "control" the actions of your provider from time to time .
zulu demo
What are the disadvantages of Zulutrade ?
The number of signal providers can also be a disadvantage : you will need a basic understanding of the forex market to choose providers ( slippage , Drawdown ... ) to meet your expectations correctly and set your preferences .
Zulu trade does not offer a capital guarantee : be careful with the leverage used and remember to check the margin call .
The opinion of the editorial :
As a majority of investments in forex , there are as many or more likely to lose money than to win , but Zulutrade seems to be at the top of the basket of providers offering this type of service.
The website is well done and very entertaining ( there is a tutorial) , it has an open chat and 24h/24 audience responds quickly to your questions by mail. We highly encourage you to try the demo account for a few weeks to make up your own mind , but beware of the addiction ...
Who is Zulu trade ?
This site is intended for two types of traders : beginners in forex that will want to learn by following the signals providers and traders confirmed who will wish to build a customer themselves becoming providers.
Beginners choose to follow the signal providers while setting options for these ( stop loss , number of lots open simultaneously ... ) . Caution, however , the choice of providers can be tricky for novices perfect .
How Zulu trade ?
Zulu trade is not a broker, and you can not open a trading account on the site.
You must open an account (unless you do already own one) and make your Referring Broker Zulu trade .
Thereafter, up to you : you can trade manually or choose to copy the operations of signal providers .
The choice of these providers must be carefully considered and should be attention. In fact, since you are going to copy their orders, it is in your best interest to choose the best traders to maximize your earnings to your expectations !
The first parameter to consider when choosing a provider is the slippage that exists between you . We recommend that you do not choose a provider with a slippage of more than 1.5 or 2 pips with your broker (you can find this information simply by looking at the profile of the provider ) which often leads to favor providers with the same broker you .
Once done, you can choose between different investors : less risk averse will choose providers with an average number of pips / trade but high max draw down , which will , inevitably, also in the high average .
In contrast , people focusing on security watch the appearance of the graphs of gains to judge the consistency of performance of providers, who have mostly a number of pips / trade lower.
Moreover, it may be wise to remove providers having a percentage of winning trades below a certain threshold ( arbitrarily fix 90%). However , remember that this statistic is limited in the information it provides : a Signal Provider may have 99 % of winning trades but its loss on the remaining 1% can be substantial if it exceeds the accumulated earnings .
In the same vein , it will be wise to select providers already operating for some time so that history is not biased .
Finally , we can set a stop loss on each of the selected suppliers. This option minimizes the losses, but has the disadvantage of close positions that will be fruitful in the longer term .
Here are some general tips and recommendations on the configuration parameters .
We recommend that you have at least two different providers.
Select opposite profiles ( combines consistent performance and risk-taking ) can be a good strategy. Similarly, we advise you to place stop loss (do not let the default " no limit" of Zulutrade ) even if it carries the risk mentioned above. Finally, be sure to keep a margin of safety : do not exceed 90 % or 95% of margin call to secure a minimum your capital.
What are the advantages of Zulutrade ?
Zulutrade offers the possibility of a demo account to try it free for 30 days. In addition, the configuration of a real account is very easy and usually requires no more than a day time if you already have a broker.
Trader itself requires knowledge , skill and time that everyone did not. An automated trading platform as Zulutrade can then be a solution : you can simply choose from a large number of signal providers (their number is such that all the angels , or nearly all, are represented ) and , as all managed accounts , to "control" the actions of your provider from time to time .
zulu demo
What are the disadvantages of Zulutrade ?
The number of signal providers can also be a disadvantage : you will need a basic understanding of the forex market to choose providers ( slippage , Drawdown ... ) to meet your expectations correctly and set your preferences .
Zulu trade does not offer a capital guarantee : be careful with the leverage used and remember to check the margin call .
The opinion of the editorial :
As a majority of investments in forex , there are as many or more likely to lose money than to win , but Zulutrade seems to be at the top of the basket of providers offering this type of service.
The website is well done and very entertaining ( there is a tutorial) , it has an open chat and 24h/24 audience responds quickly to your questions by mail. We highly encourage you to try the demo account for a few weeks to make up your own mind , but beware of the addiction ...
